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"Fueled by the Double 11 online shopping festival, businesses of delivery services, telecommunications, and internet software notched a rapid growth in November, with their subindices reported at more than 56," said Zhao from the NBS. The country's financial sector also registered solid growth, lifting subindices of the banking, securities, and insurance industries up to more than 60, he added.

"Fifty years have passed and I am very fortunate that I am still alive, working and having a deep love for Mahler," he adds.

"For Chinese, watching the content of foreign wanghong generates a refreshing, feel-good factor. It's like a newborn seeing itself in the mirror for the first time," said Yang Qiguang, a researcher from Columbia University's Tow Center.

"Given the large scale of China's economy and foreign exchange reserves, it is unlikely for the country to be significantly hurt by risks associated with cross-border capital flows, but it is still necessary to push ahead reforms to better leverage the market's role in managing risks," Liu said.

"Foreign banks including StanChart are greatly encouraged by the recent launch of policies by China to further open its financial markets," said Jerry Zhang, executive vice-chairman and chief executive officer of Standard Chartered Bank (China) Ltd.